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Marriott International (MAR) said that earnings per share could hit $2.75 by 2013.
The estimate is part of a range of ambitious growth forecasts for the next three years. The company said that it expects to add as many as 90,000 hotel rooms to its portfolio from 2011 to 2013, with additional opportunities for 22,000 rooms to open in Europe and Asia over the same time period.

As travel picks up, Marriott International posted a third-quarter profit of $83 million, up from a loss of $466 million in the year-ago quarter. But shares are down after the company forecast that fourth-quarter earnings might be less than analysts expect.

Virgin Group Ltd, founded by U.K. tycoon Richard Branson, plans enter the hotel industry.
Virgin will spend as much as $500 million on high-end hotels aimed at "high income, well-educated, metropolitan 'creative class'" customers, Bloomberg News said. The company is scouting for locations in cities including New York, San Francisco and Miami.

Even Hurricane Earl can't break the spirits of those living in beach towns along the East Coast. Thanks to the hot weather, convenient location and Canadians, tourism along the coast has skyrocketed this summer.

Kenneth Feinberg, who was jointly selected to be the new oil spill claims czar by the White House and BP, spent his first official day on the job Monday taking heat over the guidelines he has established for claims against the fund BP set up for victims of the Gulf of Mexico disaster.

A consortium of Gulf Coast tourist destinations has requested a $55 million grant from BP to fund a marketing campaign aimed at luring vacationers back. While the group hopes to entice tourists, it will also need to be honest about the spill's impact on their beaches.

he unveiling of the Wizarding World of Harry Potter, Universal Studios Orlando has officially raised the bar for vacation attractions in summer 2010. The bold move is only one of many strategies that theme parks are using to turn around an industry that has been brutalized by the recession.

South Africa has some lofty expectations about the economic boost the World Cup will bring to its economy. Economists are skeptical that the soccer tournament will live up to those expectations and history shows that it most likely will not.

In Jamaica, where tourism accounts for around 20% of GDP, the violence surrounding efforts to arrest gang kingpin Christopher "Dudus" Coke is having an impact well beyond his Kingston neighborhood. Tourists are staying away in droves -- even from resorts far from the unrest.

As the ash cloud from Iceland's Eyjafjallajokull volcano clears, travel and tourism businesses in Europe and the U.S. are tallying the cost. Find out how the massive aviation disruption has affected those industries.

The Super Bowl is not so super to many economists. Experts in the economics of sports claim the NFL and its boosters have grossly overestimated the economic benefit of Sunday's championship game in Miami between the New Orleans Saints and the Indianapolis Colts.